Waiting until age 70 to retire can offer you some clear financial advantages, including maximum Social Security payments and more time for your investments to grow. But even with those benefits and a half-million-dollar nest egg, determining whether you have enough to retire at age 70 will depend on your…
Someone must draw the short straw. And in the case of the One Big, Beautiful Bill’s student-loan-related provisions, that someone appears to be the parents of lower- and middle-income families. The Trump Administration’s massive budget reconciliation bill — law of the land as of July 4 — will reshape how…
Key takeaways A cash advance is an option for when you need money in a pinch, but it’ll cost you. You will start accruing interest on your cash advance immediately. To avoid interest piling up, take out only a small amount and pay more than the minimum each month. When…
MoMo Productions/Getty Images Key takeaways Both the Bank of America® Customized Cash Rewards credit card and the Blue Cash Preferred® Card from American Express offer excellent rewards-earning opportunities for everyday purchases. These are tiered cash back rewards cards, so you need to keep up with different categories as well as…
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New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit…
Many people in economics, finance, business, and regular consumer life have been waiting for the forecast inflation, the tariff shock,…
President Trump’s 2026 budget would freeze spending for many services for older adults, deeply cut others, continue his efforts to…
The Trump administration is clamping down on federal student loan defaults; at the same time, Republican lawmakers in Congress just…
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Romona Robbins Photography/Getty Images Key takeaways Buying an RV makes sense if you like taking frequent, spontaneous trips every year. Renting is a good option if you’re planning ahead for a vacation you take every couple of years. If you decide to buy, consider buying…
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Key takeaways It may be difficult to obtain a new loan after you enter a debt management plan, especially if you have recently…
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OBSERVATIONS FROM THE FINTECH SNARK TANK In 2022, President Biden signed an executive order directing the government to develop a framework for digital…
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Images by Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways FHA loans require a minimum 3.5 percent down payment for borrowers with a credit score of 580 or higher. Borrowers with a credit score of 500 to 579 must put at least 10 percent down. Along with your own funds,…
PeopleImages/ Getty Images Key takeaways Virgin Red is a loyalty rewards program launched by the Virgin Group and is not a replacement for their existing Flying Club program. Members can earn Virgin Points through online shopping, booking travel and transferring points from credit card partners. Points can be redeemed for…
Key takeaways Title insurance is designed to protect a piece of property against past claims that may surface, such as a lien from a contractor, an heir that believes it belongs to them or a property line issue. Title insurance comes in two forms: a policy that protects the lender…
Key takeaways Both the American Express® Green Card* and American Express® Gold Card offer lucrative rewards in the form of versatile American Express Membership Rewards points. The Amex Green Card comes with a lower annual fee and slightly lower rewards rates than the Gold Card, though with two travel perks…
ALotOfPeople/Getty Images Key takeaways Private credit has become a popular investment, as investors seek out above-average returns. Private credit allows investors a way to buy into off-market loans that they might not have been able to access before, offering an alternative investment that could diversify their portfolios. However, private credit…
Key takeaways Requesting a credit limit increase can have both positive and negative impacts on your credit score. If you request the increase, expect the issuer to conduct a hard credit inquiry. If the issuer gives you an automatic increase, only a soft inquiry, if any, will be performed. …
Key takeaways The Bank of America travel rewards program can be lucrative and flexible, but the specifics of how you’ll earn points in this program depend on which credit card you sign up for. You can redeem most Bank of America travel rewards points for eligible travel purchases, cash back…
The U.S. public safety net can be a catch-22: These services act as a lifeline for people with disabilities, but it bars people from meaningfully saving, investing and building personal wealth. Money stashed in a retirement account or brokerage account counts against the small, strict asset limits imposed by certain…
Key Takeaways Focus on essential needs like food, housing, and utilities while reducing unnecessary purchases. Establish a structured budget to prioritize needs vs wants and stick to it. Consider community resources and government assistance that provide help with food, housing, and utilities. Investigate professional credit counseling from a non-profit agency…
Sarah-Jane Joel/Getty Images Key takeaways A deed of trust is a legal agreement used in real estate transactions in which a third party — the trustee — holds the title to the property until the borrower repays the mortgage. A mortgage is a similar agreement, but it doesn’t involve a…
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